Published by FOX Business | October 20, 2022 Redfin projects mortgage rates may not fall until early to mid-2023 Red-hot mortgage rates are giving home buyers and sellers cold feet. About 17% of homes that went under contract with real estate brokerage Redfin last month were called off. The technology-powered real estate firm reported that approximately …
Published by Breitbart News | October 13, 2022 The 30-year fixed mortgage rate rose to 6.92 percent on Thursday, the highest rate in over 20 years. According to data from Freddie Mac, after the 30-year-mortgage fixed mortgage rate declined by 0.04 percent from 6.7 percent on September 29 to 6.66 percent a week ago, it has since …
30-Year Mortgage Rates Increase to 6.92% — Highest Since 2002 Read More »
Published by Breitbart News | September 29, 2022 The 30-year fixed mortgage rate surged to 6.7 percent on Thursday, more than double what it was a year ago. According to data from Freddie Mac, the 30-year fixed mortgage rate jumped by 0.41 percent from a week ago. A year ago, the rate was at 3.01 percent. It is …
Mortgage Rates Surge to 6.7% — More than Double Since Last Year Read More »
Published by CNBC | September 9, 2022 The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding …
Published by Breitbart News | August 23, 2022 Sales of newly built houses in the United States fell by more than expected in July, confirming a slump in the housing market seen in surveys of home builders. Purchases of new single-family homes fell 12.7 percent compared with the previous month to a seasonally adjusted annual …
New Home Sales Crash As Recession Grips Housing Market Read More »
Published by FOX Business | August 11, 2021 The national home price average crossed $400,000 for the first time Mortgage rates resumed their upward climb along with home prices. Rates for a 30-year fixed mortgage rose to 5.22% from 4.99%, according to Freddie Mac’s weekly data. “Although rates continue to fluctuate, recent data suggest that the housing …
Published by FOX Business | August 4, 2022 Carroll CEO says 30-year mortgage temporarily falling as people ‘flee to safety’ in uncertain market Just because 20 and 30-year fixed mortgage rates have tumbled in recent days, doesn’t mean it’s the right time to buy or sell your home, according to one real estate expert. “The people …
Mortgage Rates Temporarily Fall as Home Buyers ‘Flee to Safety’ Read More »
Published by the New York Post | July 28, 2022 Mortgage rates have risen steadily as the Federal Reserve hikes its benchmark interest rates in a bid to cool the economy. U.S. home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a …
Economist: U.S. Home Prices to Plunge ‘Substantially’ on ‘Cratering’ Demand Read More »
Published by CNBC | July 20, 2022 Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting …
Published by FOX Business | July 14, 2022 The average for a 30-year fixed-rate loan is now at 5.51%, up 2.88% from a year ago U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That’s causing some …
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